WesBanco, Inc. (NASDAQ:WSBC) Shares Bought by Quest Partners LLC

Quest Partners LLC lifted its holdings in shares of WesBanco, Inc. (NASDAQ:WSBC - Free Report) by 36,806.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,977 shares of the financial services provider's stock after purchasing an additional 16,931 shares during the period. Quest Partners LLC's holdings in WesBanco were worth $474,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Smithfield Trust Co boosted its stake in shares of WesBanco by 0.9% during the 1st quarter. Smithfield Trust Co now owns 49,575 shares of the financial services provider's stock worth $1,478,000 after purchasing an additional 423 shares during the last quarter. Founders Financial Securities LLC raised its holdings in WesBanco by 6.1% in the 1st quarter. Founders Financial Securities LLC now owns 7,612 shares of the financial services provider's stock valued at $227,000 after acquiring an additional 436 shares during the last quarter. Raymond James Trust N.A. boosted its holdings in shares of WesBanco by 3.9% during the second quarter. Raymond James Trust N.A. now owns 17,380 shares of the financial services provider's stock worth $485,000 after purchasing an additional 647 shares during the last quarter. US Bancorp DE increased its stake in WesBanco by 1.0% in the fourth quarter. US Bancorp DE now owns 63,263 shares of the financial services provider's stock valued at $1,985,000 after purchasing an additional 657 shares during the last quarter. Finally, Bridge City Capital LLC lifted its position in WesBanco by 0.8% during the first quarter. Bridge City Capital LLC now owns 84,607 shares of the financial services provider's stock worth $2,522,000 after buying an additional 663 shares during the period. 61.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Hovde Group increased their price objective on shares of WesBanco from $34.00 to $38.00 and gave the stock an "outperform" rating in a report on Monday, July 29th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $35.00 price target on shares of WesBanco in a research note on Monday. DA Davidson boosted their price objective on shares of WesBanco from $35.00 to $42.00 and gave the company a "buy" rating in a research note on Monday, July 29th. Keefe, Bruyette & Woods increased their target price on WesBanco from $30.00 to $34.00 and gave the stock a "market perform" rating in a research report on Thursday, August 1st. Finally, Stephens lifted their target price on WesBanco from $27.00 to $34.00 and gave the company an "equal weight" rating in a report on Tuesday, August 6th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $34.71.

Insider Buying and Selling

In other WesBanco news, EVP Michael L. Perkins sold 5,363 shares of the firm's stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $30.19, for a total transaction of $161,908.97. Following the completion of the sale, the executive vice president now owns 46,817 shares in the company, valued at approximately $1,413,405.23. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 3.44% of the company's stock.

WesBanco Stock Up 2.6 %

Shares of NASDAQ WSBC traded up $0.78 on Friday, hitting $30.82. The company had a trading volume of 178,200 shares, compared to its average volume of 214,532. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.73. WesBanco, Inc. has a 12-month low of $23.00 and a 12-month high of $34.85. The firm has a market capitalization of $1.84 billion, a P/E ratio of 12.84 and a beta of 0.83. The business has a 50 day moving average of $31.06 and a two-hundred day moving average of $29.03.

WesBanco (NASDAQ:WSBC - Get Free Report) last announced its earnings results on Friday, July 26th. The financial services provider reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.04). The firm had revenue of $234.35 million during the quarter, compared to analysts' expectations of $148.40 million. WesBanco had a net margin of 15.22% and a return on equity of 5.90%. During the same quarter last year, the company posted $0.71 earnings per share. As a group, equities research analysts forecast that WesBanco, Inc. will post 2.07 earnings per share for the current fiscal year.

WesBanco Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 6th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 4.67%. The ex-dividend date of this dividend is Friday, September 6th. WesBanco's payout ratio is 60.00%.

WesBanco Company Profile

WesBanco, Inc operates as the bank holding company for WesBanco Bank, Inc that provides retail banking, corporate banking, personal and corporate trust, brokerage, mortgage banking, and insurance services to individuals and businesses in the United States. The company operates through two segments, Community Banking, and Trust and Investment Services.